Frank Sands' portfolio
In the Q2 2026 13F, filed August 13, 2026, Sands Capital Management reported 71 US stock positions worth $26.9B. The largest was NVIDIA (NVDA) at 10.4% of the portfolio. New positions: Micron Technology (MU), Advanced Micro Devices (AMD) and SPACE EXPLORATION TECHNOLOGIES CORP (SPCX). Added to: Bloom Energy (BE) and Carvana (CVNA). The Q3 2026 13F is due by November 14, 2026.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
- Micron TechnologyMU$608M
- Advanced Micro DevicesAMD$391M
- SPACE EXPLORATION TECHNOLOGIES CORPSPCX$389M
- SandiskSNDK$348M
- Sphere EntertainmentSPHR$235M
- Arm HoldingsARM$228M
- WoodwardWWD$65M
- CrowdstrikeCRWD$8M
- IntelINTC$5M
- TTM TechnologiesTTMI$4M
Added to
- Bloom EnergyBE$886M
- CarvanaCVNA$557M
- Quanta ServicesPWR$540M
- Lam ResearchLRCX$491M
- BlockXYZ$428M
- Grab HoldingsGRAB$62M
- Eli Lilly and CompanyLLY$54M
- LindeLIN$28M
- AppleAAPL$13M
- Stevanato Group SpASTVN$9M
Trimmed
- NVIDIANVDA$2.8B
- Taiwan Semiconductor ManufacturingTSM$1.9B
- AlphabetGOOGL$1.7B
- Amazon.comAMZN$1.2B
- Axon EnterpriseAXON$830M
- ShopifySHOP$827M
- VisaV$816M
- Spotify TechnologySPOT$809M
- CloudflareNET$795M
- MercadoLibreMELI$642M
Sold out
None this quarter.
Holdings
71 US-listed positions in the Q2 2026 13F, largest first (top 50 shown; all of them in Investingly).
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| NVIDIANVDA | 10.45% | $2.8B | 14,059,454 | Trimmed |
| Taiwan Semiconductor ManufacturingTSM | 6.96% | $1.9B | 3,925,440 | Trimmed |
| AlphabetGOOGL | 6.49% | $1.7B | 4,893,397 | Trimmed |
| Amazon.comAMZN | 4.30% | $1.2B | 4,861,223 | Trimmed |
| Asml Hldg Nv | 3.94% | $1.1B | 533,693 | Held |
| Bloom EnergyBE | 3.29% | $886M | 2,926,558 | Added |
| Axon EnterpriseAXON | 3.08% | $830M | 1,480,817 | Trimmed |
| ShopifySHOP | 3.07% | $827M | 7,242,079 | Trimmed |
| VisaV | 3.03% | $816M | 2,377,099 | Trimmed |
| Spotify TechnologySPOT | 3.00% | $809M | 1,761,206 | Trimmed |
| CloudflareNET | 2.95% | $795M | 3,239,504 | Trimmed |
| Seagate Technology Hldngs Pl | 2.58% | $696M | 720,741 | Held |
| MercadoLibreMELI | 2.38% | $642M | 378,208 | Trimmed |
| Micron TechnologyMU | 2.26% | $608M | 526,810 | New |
| CarvanaCVNA | 2.07% | $557M | 8,462,945 | Added |
| Meta PlatformsMETA | 2.03% | $546M | 969,879 | Trimmed |
| Quanta ServicesPWR | 2.01% | $540M | 750,479 | Added |
| Intercontinental Exchange In | 1.85% | $499M | 4,055,771 | Held |
| Intuitive SurgicalISRG | 1.85% | $498M | 1,252,424 | Trimmed |
| Lam ResearchLRCX | 1.82% | $491M | 1,133,965 | Added |
| MicrosoftMSFT | 1.81% | $488M | 1,309,230 | Trimmed |
| Carpenter TechnologyCRS | 1.80% | $485M | 786,150 | Trimmed |
| DoorDashDASH | 1.59% | $429M | 2,325,795 | Trimmed |
| ApplovinAPP | 1.59% | $429M | 831,697 | Trimmed |
| BlockXYZ | 1.59% | $428M | 5,632,505 | Added |
| BroadcomAVGO | 1.58% | $426M | 1,126,912 | Trimmed |
| Advanced Micro DevicesAMD | 1.45% | $391M | 672,555 | New |
| SPACE EXPLORATION TECHNOLOGIES CORPSPCX | 1.45% | $389M | 2,276,744 | New |
| NetflixNFLX | 1.42% | $381M | 5,336,614 | Trimmed |
| SamsaraIOT | 1.37% | $368M | 11,348,732 | Trimmed |
| SandiskSNDK | 1.29% | $348M | 153,093 | New |
| Carlisle CompaniesCSL | 1.08% | $290M | 799,872 | Trimmed |
| Sea | 1.07% | $287M | 2,998,337 | Held |
| argenxARGX | 1.03% | $277M | 298,599 | Trimmed |
| On Hldg Ag | 0.98% | $265M | 7,485,043 | Held |
| DatadogDDOG | 0.97% | $260M | 999,799 | Trimmed |
| Sphere EntertainmentSPHR | 0.87% | $235M | 1,358,321 | New |
| Arm HoldingsARM | 0.85% | $228M | 642,829 | New |
| Builders FirstSourceBLDR | 0.76% | $204M | 2,283,236 | Trimmed |
| Nu Hldgs | 0.62% | $167M | 12,475,806 | Held |
| Liberty Media Corporation Series C Liberty Formula OneFWONK | 0.53% | $144M | 1,509,193 | Trimmed |
| McKessonMCK | 0.52% | $139M | 183,535 | Trimmed |
| Amphenol | 0.50% | $135M | 763,951 | Held |
| Joint Stock Company Kaspi.kzKSPI | 0.49% | $133M | 1,531,017 | Trimmed |
| CoupangCPNG | 0.49% | $131M | 7,559,132 | Trimmed |
| Transdigm GroupTDG | 0.44% | $119M | 89,669 | Trimmed |
| UltragenyxRARE | 0.39% | $105M | 3,158,368 | Trimmed |
| FerrariRACE | 0.39% | $104M | 280,101 | Trimmed |
| Waste ConnectionsWCN | 0.38% | $102M | 609,721 | Trimmed |
| WoodwardWWD | 0.24% | $65M | 153,660 | New |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Frank Sands own?
In the Q2 2026 13F, Sands Capital Management reported 71 US stock positions worth $26.9B. The largest: NVIDIA (NVDA) 10.4%, Taiwan Semiconductor Manufacturing (TSM) 7.0%, Alphabet (GOOGL) 6.5%, Amazon.com (AMZN) 4.3%, Asml Hldg Nv 3.9%.
What did Frank Sands buy last quarter?
In Q2 2026: new position in Micron Technology (MU); new position in Advanced Micro Devices (AMD); new position in SPACE EXPLORATION TECHNOLOGIES CORP (SPCX); added to Bloom Energy (BE); added to Carvana (CVNA); added to Quanta Services (PWR).
What did Frank Sands sell last quarter?
In Q2 2026: cut NVIDIA (NVDA); cut Taiwan Semiconductor Manufacturing (TSM); cut Alphabet (GOOGL).
When is Frank Sands's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.